NZD/USD near 0.6997

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 60% 54% 10.00%
Shorts 40% 46% -15.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Neutral Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The New Zealand Dollar remained stable and gradually moving north against the US Dollar. During the middle of Friday's trading session, the exchange rate tested the upper boundary of a channel down.

Technical indicators flash bearish signals within this trading day. Meanwhile, the currency pair is located in the oversold zone. This might suggest a brief retracement south is possible today.

Moreover, in terms of the upside potential, the NZD/USD currency exchange rate could target a resistance formed by the 200– hour simple moving average.

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